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What are Mortgages? | by Wall Street Survivor – YouTube – How to understand your mortgage. Mortgages exist to solve a problem. Most people want to buy their own home, but a house costs hundreds of thousands of dollars, and you likely don’t have that.
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How to Process Loans: Guidance from a Financial Expert. – · How to Process Loans. As a loan processor, you put together information about a borrower and organize it in a neat package so the underwriter can evaluate and approve the requested mortgage. You’ll open the loan file, verify the borrower’s.
Mortgages For Dummies Cheat Sheet – dummies – From Mortgages For Dummies, 3rd Edition. By Eric Tyson, Ray Brown . If you own or want to own real estate, you need to understand mortgages. Unfortunately for most of us, the mortgage field is jammed with jargon and fraught with fiscal pitfalls.
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What are the basic steps of the home loan process? 1. Get pre-approved first. It is tempting to look for a home before you start your loan. But a little bit of patience up front, will save you time – and potential heartache – if you first get your mortgage pre-approval and know exactly how much you can afford.
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